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52SIGNAL RECIPE Coinbase Institutional Smart Money DetectorCoinbase Institutional Smart Money Detector ◆ Overview Coinbase Institutional Smart Money Detector is an innovative indicator that detects the buying and selling movements of institutional investors through Coinbase Prime in real-time. This powerful tool tracks the flow of funds from large institutions to provide valuable signals before significant market direction changes occur. It can be applied to Bitcoin charts on any exchange, allowing traders to follow the "smart money" movements of institutions anytime, anywhere. The unique strength of this indicator lies in its comprehensive assessment of institutional investors' consecutive trading behaviors, volume patterns, and trend strength by analyzing Coinbase data in real-time. By providing clear visual representation of institutional fund flow data that is difficult for ordinary traders to access, you gain the opportunity to move alongside the big players in the market. ───────────────────────────────────── ◆ Key Features • Coinbase Prime Data Analysis: Tracks institutional movements in real-time by analyzing data from Coinbase Prime, an institutional-only service • Real-time Institutional Fund Flow Monitoring: Immediately detects large institutions' spot buying/selling activities, allowing positioning ahead of the market • Universal Exchange Compatibility: Applicable to Bitcoin charts on any exchange, enabling use on your preferred trading platform • Institutional Continuity Analysis: Identifies continuous institutional activity by tracking consecutive buying/selling patterns • Smart Volume Analysis: Detects increased volume compared to averages and analyzes key trading time periods • Trend Strength Measurement: Quantifies and displays the strength of upward/downward trends by analyzing candle patterns • Intuitive Visualization: Clearly marks institutional activity points on charts through bar coloring and labels • Real-time Strength Display: Calculates and displays current trend strength in a table in real-time • Customizable Settings: Allows customization of key parameters to match your trading style ───────────────────────────────────── ◆ Understanding Signal Types ■ Institutional Buy Signal • Definition: Occurs when institutional investors show consecutive buying activity through Coinbase Prime, accompanied by increased volume and strong upward trend • Visual Representation: Translucent blue bar coloring and "Institution Buying Detected!" label on the candle where the buy signal occurs • Market Interpretation: Indicates that institutional investors are actively buying spot Bitcoin, which is likely to lead to price increases • Signal Strength Factors: ▶ Consecutive price increase patterns ▶ Above-average volume ▶ Strong upward trend strength measurement ▶ Significant price movement ■ Institutional Sell Signal • Definition: Occurs when institutional investors show consecutive selling activity through Coinbase Prime, accompanied by increased volume and strong downward trend • Visual Representation: Translucent pink bar coloring and "Institution Selling Detected!" label on the candle where the sell signal occurs • Market Interpretation: Indicates that institutional investors are actively selling spot Bitcoin, which is likely to lead to price decreases • Signal Strength Factors: ▶ Consecutive price decrease patterns ▶ Above-average volume ▶ Strong downward trend strength measurement ▶ Significant price movement ───────────────────────────────────── ◆ Understanding Trend Strength ■ Trend Strength Measurement Method • Definition: Measures trend strength by analyzing the ratio of up/down candles over a recent period • Visual Representation: Displayed in the table as "BULL STRENGTH" or "BEAR STRENGTH" with percentage value and "STRONG" or "WEAK" status • Strength Threshold: Strong/weak determination according to user-configurable threshold • Calculation Method: ▶ Upward trend strength = (Number of upward candles) / (Total analysis period) ▶ Downward trend strength = (Number of downward candles) / (Total analysis period) ▶ Displayed as "STRONG" when strength is above threshold, "WEAK" when below ■ Utilizing Trend Strength • Signal Filtering: Generates signals only when trend strength is strong, reducing false signals • Trend Confirmation: Evaluates the health and sustainability of the current market trend • Entry/Exit Decisions: Consider entering in strong trends and exiting when trends weaken • Risk Management: Develop strategies to reduce position size in weak trends and increase in strong trends ───────────────────────────────────── ◆ Practical Trading Applications ■ Institutional Buy Signal Strategy • Trend Reversal Scenario: ▶ Setup: Strong institutional buy signal during a downtrend ▶ Entry: Buy after signal confirmation in the next candle ▶ Stop Loss: Below the low of the signal candle ▶ Take Profit: When reaching previous major resistance or when trend strength weakens • Trend Continuation Scenario: ▶ Setup: Institutional buy signal after correction in an uptrend ▶ Entry: Buy after signal confirmation ▶ Stop Loss: Below recent major low ▶ Take Profit: Gradually take profits considering trend strength ■ Institutional Sell Signal Strategy • Trend Reversal Scenario: ▶ Setup: Strong institutional sell signal during an uptrend ▶ Entry: Sell after signal confirmation in the next candle ▶ Stop Loss: Above the high of the signal candle ▶ Take Profit: When reaching previous major support or when trend strength weakens • Trend Continuation Scenario: ▶ Setup: Institutional sell signal after bounce in a downtrend ▶ Entry: Sell after signal confirmation ▶ Stop Loss: Above recent major high ▶ Take Profit: Gradually take profits considering trend strength ■ Multi-Timeframe Approach • Higher Timeframe Direction Confirmation: ▶ Check institutional signals and trend strength on daily/4-hour charts ▶ Use for setting main trading direction • Lower Timeframe Entry Point Finding: ▶ Wait for lower timeframe signals that align with higher timeframe direction ▶ Use for capturing precise entry points • Cross-Timeframe Signal Alignment: ▶ Signal strength increases when signals occur in the same direction across multiple timeframes ▶ Capture high-probability trading opportunities ───────────────────────────────────── ◆ Indicator Settings Guide ■ Main Setting Parameters • Institutional Continuity Period: ▶ Purpose: Sets the period to check institutional consecutive buying/selling activity ▶ Lower value: Generates more signals, increases responsiveness ▶ Higher value: Reduces number of signals, increases reliability • Trend Strength Threshold: ▶ Purpose: Sets the minimum threshold for determining strong trends ▶ Lower value: More signals, less filtering ▶ Higher value: Generates signals only in stronger trends, higher filtering ───────────────────────────────────── ◆ Synergy with Other Indicators • Support/Resistance Levels: ▶ Institutional signals occurring at key support/resistance levels have higher probability ▶ Combination of key technical analysis levels and institutional activity provides powerful signals • Moving Averages: ▶ Pay attention to institutional signals near key moving averages (50MA, 200MA) ▶ Strong trend change possibility when moving average crossovers coincide with institutional signals • RSI/Momentum Indicators: ▶ Institutional buy signals in oversold conditions increase reversal probability ▶ Institutional sell signals in overbought conditions increase reversal probability • Volume Profile: ▶ Institutional signals at high volume nodes confirm important price levels ▶ Institutional activity in key trading areas greatly impacts price direction • Market Structure: ▶ Institutional signals near key market structures (higher highs/lows, lower highs/lows) suggest structural changes ▶ Coincidence of market structure changes and institutional activity indicates important trend turning points ───────────────────────────────────── ◆ Conclusion Coinbase Institutional Smart Money Detector provides traders with valuable insights by tracking spot Bitcoin trading activities of institutional investors through Coinbase Prime in real-time. Because it can be applied to Bitcoin charts on any exchange, you can utilize it immediately on your preferred trading platform. The core value of this indicator is providing intuitive visualization of institutional fund flow data that is difficult for ordinary traders to access. By comprehensively analyzing consecutive price movements, volume increases, and trend strength to capture institutional activity, you gain the opportunity to move alongside the big players in the market. Clear buy/sell signals based on Coinbase Prime data and real-time trend strength measurements help traders quickly grasp market conditions and make strategic decisions. By integrating this powerful tool into your trading strategy, secure a competitive edge to understand where the market's smart money is flowing and position accordingly. ───────────────────────────────────── ※ Disclaimer: Like all trading tools, the Institutional Smart Money Detector should be used as a supplementary indicator and not relied upon exclusively for trading decisions. Past patterns of institutional behavior may not guarantee future market movements. Always employ appropriate risk management strategies in your trading. Coinbase Institutional Smart Money Detector ◆ 개요 Coinbase Institutional Smart Money Detector는 코인베이스 프라임(Coinbase Prime)을 통한 기관 투자자들의 현물 비트코인 매수/매도 움직임을 실시간으로 감지하는 혁신적인 지표입니다. 이 강력한 도구는 대형 기관들의 자금 흐름을 추적하여 중요한 시장 방향 전환이 일어나기 전에 귀중한 신호를 제공합니다. 어떤 거래소의 비트코인 차트에도 적용 가능하여 트레이더들이 언제 어디서든 기관의 "스마트 머니" 움직임을 따라갈 수 있게 해줍니다. 이 지표의 독보적인 강점은 코인베이스 데이터를 실시간으로 분석하여 기관 투자자들의 연속적인 매매 행동, 거래량 패턴, 그리고 추세 강도를 종합적으로 평가한다는 점입니다. 일반 트레이더들이 접근하기 어려운 기관 자금 흐름 데이터를 시각적으로 명확하게 제공함으로써, 여러분은 시장의 큰 손들과 함께 움직일 수 있는 기회를 얻게 됩니다. ───────────────────────────────────── ◆ 주요 특징 • 코인베이스 프라임 데이터 분석: 기관 전용 서비스인 코인베이스 프라임의 데이터를 실시간으로 추적하여 기관의 움직임 포착 • 실시간 기관 자금 흐름 모니터링: 대형 기관들의 현물 매수/매도 활동을 즉각적으로 감지하여 시장에 앞서 포지셔닝 가능 • 모든 거래소 호환성: 어떤 거래소의 비트코인 차트에도 적용 가능하여 선호하는 트레이딩 플랫폼에서 활용 가능 • 기관 연속성 분석: 연속적인 매수/매도 패턴을 추적하여 기관의 지속적인 활동 식별 • 스마트 볼륨 분석: 평균 대비 거래량 증가를 감지하고 주요 거래 시간대를 분석 • 추세 강도 측정: 캔들 패턴을 분석해 상승/하락 추세의 강도를 수치화하여 표시 • 직관적 시각화: 바 컬러링과 라벨을 통해 기관 활동 지점을 차트에 명확하게 표시 • 실시간 강도 표시: 현재 추세의 강도를 실시간으로 계산하여 테이블에 표시 • 사용자 정의 설정: 주요 매개변수를 조정하여 자신의 트레이딩 스타일에 맞게 커스터마이징 가능 ───────────────────────────────────── ◆ 신호 유형 이해하기 ■ 기관 매수 신호 • 정의: 코인베이스 프라임을 통해 기관 투자자들이 연속적인 매수 활동을 보이며, 이와 함께 거래량 증가와 강한 상승 추세가 나타날 때 발생 • 시각적 표현: 매수 신호가 발생한 캔들에 반투명 파란색 바 컬러링과 함께 "Institution Buying Detected!" 라벨 표시 • 시장 해석: 기관 투자자들이 적극적으로 현물 비트코인을 매수하고 있으며, 이는 곧 가격 상승으로 이어질 가능성이 높음을 의미 • 신호 강도 요소: ▶ 연속적인 가격 상승 패턴 ▶ 평균보다 높은 거래량 ▶ 강한 상승 추세 강도 측정값 ▶ 유의미한 가격 변동 ■ 기관 매도 신호 • 정의: 코인베이스 프라임을 통해 기관 투자자들이 연속적인 매도 활동을 보이며, 이와 함께 거래량 증가와 강한 하락 추세가 나타날 때 발생 • 시각적 표현: 매도 신호가 발생한 캔들에 반투명 분홍색 바 컬러링과 함께 "Institution Selling Detected!" 라벨 표시 • 시장 해석: 기관 투자자들이 적극적으로 현물 비트코인을 매도하고 있으며, 이는 곧 가격 하락으로 이어질 가능성이 높음을 의미 • 신호 강도 요소: ▶ 연속적인 가격 하락 패턴 ▶ 평균보다 높은 거래량 ▶ 강한 하락 추세 강도 측정값 ▶ 유의미한 가격 변동 ───────────────────────────────────── ◆ 추세 강도 이해하기 ■ 추세 강도 측정 방식 • 정의: 최근 일정 기간 동안의 상승/하락 캔들 비율을 분석하여 추세의 강도를 측정 • 시각적 표현: 테이블에 "BULL STRENGTH" 또는 "BEAR STRENGTH"로 표시되며, 백분율 값과 함께 "STRONG" 또는 "WEAK" 상태 표시 • 강도 임계값: 사용자가 설정 가능한 임계값에 따라 강함/약함 판정 • 계산 방식: ▶ 상승 추세 강도 = (상승 캔들 수) / (전체 분석 기간) ▶ 하락 추세 강도 = (하락 캔들 수) / (전체 분석 기간) ▶ 강도가 임계값 이상일 때 "STRONG", 미만일 때 "WEAK"로 표시 ■ 추세 강도의 활용 • 신호 필터링: 추세 강도가 강할 때만 신호를 생성하여 허위 신호 감소 • 추세 확인: 현재 시장 추세의 건전성과 지속 가능성 평가 • 진입/퇴출 결정: 강한 추세에서 진입하고 약한 추세로 전환될 때 퇴출 고려 • 리스크 관리: 약한 추세에서는 포지션 크기를 줄이고, 강한 추세에서는 늘리는 전략 수립 가능 ───────────────────────────────────── ◆ 실전 트레이딩 응용 ■ 기관 매수 신호 활용 전략 • 추세 전환 시나리오: ▶ 설정: 하락 추세 중 강한 기관 매수 신호 발생 ▶ 진입: 신호 확인 후 다음 캔들에서 매수 ▶ 손절: 신호 캔들의 저점 아래 ▶ 이익실현: 이전 주요 저항선 도달 시 또는 추세 강도가 약해질 때 • 추세 지속 시나리오: ▶ 설정: 상승 추세 중 조정 후 기관 매수 신호 발생 ▶ 진입: 신호 확인 후 매수 ▶ 손절: 최근 주요 저점 아래 ▶ 이익실현: 추세 강도를 고려하여 단계적으로 이익실현 ■ 기관 매도 신호 활용 전략 • 추세 전환 시나리오: ▶ 설정: 상승 추세 중 강한 기관 매도 신호 발생 ▶ 진입: 신호 확인 후 다음 캔들에서 매도 ▶ 손절: 신호 캔들의 고점 위 ▶ 이익실현: 이전 주요 지지선 도달 시 또는 추세 강도가 약해질 때 • 추세 지속 시나리오: ▶ 설정: 하락 추세 중 반등 후 기관 매도 신호 발생 ▶ 진입: 신호 확인 후 매도 ▶ 손절: 최근 주요 고점 위 ▶ 이익실현: 추세 강도를 고려하여 단계적으로 이익실현 ■ 다중 시간프레임 접근법 • 상위 시간프레임 방향성 확인: ▶ 일봉/4시간봉에서 기관 신호 및 추세 강도 확인 ▶ 주 트레이딩 방향 설정에 활용 • 하위 시간프레임 진입점 찾기: ▶ 상위 시간프레임 방향과 일치하는 하위 시간프레임 신호 대기 ▶ 정밀한 진입점 포착에 활용 • 시간프레임 간 신호 일치 확인: ▶ 여러 시간프레임에서 동일한 방향의 신호가 발생할 때 신호 강도 증가 ▶ 높은 확률의 트레이딩 기회 포착 ───────────────────────────────────── ◆ 지표 설정 가이드 ■ 주요 설정 매개변수 • Institutional Continuity Period (기관 연속성 확인 기간): ▶ 목적: 기관의 연속적인 매수/매도 활동을 확인할 기간 설정 ▶ 낮은 값: 더 많은 신호 생성, 반응성 증가 ▶ 높은 값: 신호 수 감소, 신뢰성 증가 • Trend Strength Threshold (추세 강도 임계값): ▶ 목적: 추세가 강하다고 판단할 최소 임계값 설정 ▶ 낮은 값: 더 많은 신호, 낮은 필터링 ▶ 높은 값: 더 강한 추세에서만 신호 생성, 높은 필터링 ───────────────────────────────────── ◆ 다른 지표와의 시너지 • 지지/저항 레벨: ▶ 주요 지지/저항 레벨에서 발생하는 기관 신호는 확률이 더 높음 ▶ 기술적 분석의 핵심 레벨과 기관 활동의 결합은 강력한 시그널 제공 • 이동평균선: ▶ 주요 이동평균선(50MA, 200MA) 근처에서 발생하는 기관 신호 주목 ▶ 이동평균선 돌파와 기관 신호가 일치할 때 강한 추세 변화 가능성 • RSI/모멘텀 지표: ▶ 과매수/과매도 상태에서 발생하는 기관 신호는 반전 가능성 높임 ▶ 모멘텀 다이버전스와 기관 신호의 일치는 강력한 반전 신호 • 볼륨 프로파일: ▶ 높은 볼륨 노드에서 발생하는 기관 신호는 중요한 가격 레벨 확인 ▶ 주요 거래 영역에서의 기관 활동은 가격 방향에 큰 영향 미침 • 시장 구조: ▶ 주요 시장 구조(높은 고점/저점, 낮은 고점/저점) 근처에서 발생하는 기관 신호는 구조 변화 암시 ▶ 시장 구조 변화와 기관 활동의 일치는 중요한 추세 전환점 표시 ───────────────────────────────────── ◆ 결론 Coinbase Institutional Smart Money Detector는 코인베이스 프라임을 통한 기관 투자자들의 현물 비트코인 거래 활동을 실시간으로 추적하여 트레이더들에게 귀중한 통찰력을 제공합니다. 어떤 거래소의 비트코인 차트에도 적용 가능하기 때문에, 여러분이 선호하는 트레이딩 플랫폼에서 바로 활용할 수 있습니다. 이 지표의 핵심 가치는 일반 트레이더들이 접근하기 어려운 기관 자금 흐름 데이터를 직관적으로 시각화하여 제공한다는 점입니다. 연속적인 가격 움직임, 거래량 증가, 그리고 추세 강도를 종합적으로 분석하여 기관의 활동을 포착함으로써, 여러분은 시장의 큰 손들과 함께 움직일 수 있는 기회를 얻게 됩니다. 코인베이스 프라임 데이터를 기반으로 한 명확한 매수/매도 신호와 실시간 추세 강도 측정은 트레이더들이 시장 상황을 한눈에 파악하고 신속하게 전략적 결정을 내릴 수 있게 도와줍니다. 이 강력한 도구를 여러분의 트레이딩 전략에 통합함으로써, 시장의 스마트 머니가 어디로 흘러가는지 파악하고 그에 따라 포지셔닝할 수 있는 경쟁 우위를 확보하세요. ───────────────────────────────────── ※ 면책 조항: 모든 트레이딩 도구와 마찬가지로, Institutional Smart Money Detector는 보조 지표로 사용해야 하며 트레이딩 결정을 전적으로 의존해서는 안 됩니다. 과거의 기관 행동 패턴이 미래 시장 움직임을 보장하지는 않습니다. 항상 적절한 리스크 관리 전략을 트레이딩에 활용하세요.
Pine Script® indicator
by five2ventures
KEY MARKET SESSION EU/US RANGE LEVELS - KLT🔹 KEY MARKET SESSION EU/US RANGE LEVELS - KLT This indicator highlights critical trading levels during the European and U.S. sessions, with Overbought (OB) and Oversold (OS) markers derived from each session's price range. It’s designed to support traders in identifying key zones of interest and historical price reactions across sessions. ✳️ Features 🕒 Session Recognition European Session (EU): 08:00 to 14:00 UTC United States Session (US): 14:30 to 21:00 UTC The indicator automatically detects the current session and updates levels in real time. 📈 Overbought / Oversold (OB/OS) Levels Helps identify potential reversal or reaction zones. 🔁 Previous Session OB/OS Crosses OB/OS levels from the previous session are plotted as white crosses during the opposite session: EU OB/OS shown during the US session US OB/OS shown during the EU session These levels act as potential price targets or reaction areas based on prior session behavior. 🎨 Session-Based Color Coding EU Session High/Low: Orange / Fuchsia OB/OS: Orange / Lime Previous OB/OS: White crosses during the US session US Session High/Low: Aqua / Teal OB/OS: Aqua / Lime Previous OB/OS: White crosses during the EU session 🧠 How to Use Use the OB/OS levels to gauge potential turning points or extended moves. Watch for previous session crosses to spot historically relevant zones that may attract price. Monitor extended High/Low lines as potential magnets for price continuation. 🛠 Additional Notes No repainting; levels are session-locked and tracked in real time. Optimized for intraday strategies, scalping, and session-based planning. Works best on assets with clear session behavior (e.g., forex, indices, major commodities).
Pine Script® indicator
by KeyLevelsTrading-KLT
Ayman Entry Signal – With HTF + Pin Bar A professional and versatile trading indicator combining classic technical analysis with Smart Money Concepts to detect high-probability entry points. Designed especially for scalping gold and forex pairs on lower timeframes. Fully customizable to suit any trading style. ✅ Key Features: EMA Trend Confirmation Break of Structure (BoS) Detection Order Block Zone Recognition Fair Value Gap (FVG) Confirmation Liquidity Sweep Detection Pin Bar Candlestick Confirmation Higher Timeframe Confirmation (HTF EMA + HTF BoS) 🎯 Smart Risk Management: Automatically calculates Stop Loss (SL) and Take Profit (TP) based on the selected timeframe. Dynamically adjusts lot size based on account capital and risk percentage. 📈 How It Works: The indicator triggers a Buy or Sell signal only when a selected set of conditions are met, including: Trend direction (EMA crossover) Break of structure Presence within strong supply/demand zones Confirmation from higher timeframe Reversal Pin Bar pattern 🛎 Alerts: Built-in alert system notifies you instantly when a valid Buy or Sell signal is triggered. ⚙️ Customizable Settings: Risk Percentage Capital Size HTF timeframe Enable/Disable individual filters (EMA, BoS, OB, FVG, Liquidity, Pin Bar, HTF) 📌 Best Timeframes: 1-min, 5-min, and 15-min – especially during high-volume sessions like London or New York. 🔸 Note: This is not financial advice. Always backtest and use manual confirmations before live trading.
Pine Script® indicator
by aymanshraideh
Yaman’s Scalper Pro V.5Yaman’s Scalper Pro V.5 Overview: Yaman’s Scalper Pro V.5 is a precision-built scalping indicator designed for fast-paced markets like XAUUSD. It identifies potential short-term trade opportunities using a proprietary momentum-detection engine. The script visually marks trade entries along with clearly defined Take Profit and Stop Loss levels. Key Features: Automatically plots Buy/Sell labels on the chart when trade conditions are met Displays dynamic Entry, TP, and SL levels directly on the chart Built-in simulation of trade holding duration (configurable in bars) Clean, minimal visual layout optimized for manual or assisted scalping User Inputs: Take Profit (Pips) – Distance to TP in pips Stop Loss (Pips) – Distance to SL in pips Hold Bars – Number of bars to simulate holding a trade (not recommended to change) How to Use: Apply the indicator to XAUUSD or other volatile assets on lower timeframes (e.g., 1m, 5m) Look for Buy/Sell labels as trade signals Use the plotted TP/SL levels to plan your trade exits This tool can complement your existing trading system or be used as a standalone visual aid Important Note: This script is closed-source to protect proprietary entry logic. It is not based on public indicators or simple crossover methods. While the internal mechanics remain private, the visual trade framework and risk management display are fully visible and easy to use.
Pine Script® indicator
by Yamandidi
Vasyl Ivanov | Volatility by Extremums"Volatility by Extremums" is an original technical indicator designed to measure market volatility based on the analysis of price extreme points. Unlike traditional volatility indicators that use standard statistical methods, this indicator calculates volatility as a percentage price change between local maximums and minimums, providing a more accurate understanding of actual price fluctuations in the market. Unique Methodology The indicator uses an innovative approach to volatility calculation: Extremum Detection: The algorithm automatically identifies local maximums and minimums based on configurable parameters, including lookback period and minimum distance between extremums, measured in ATR (Average True Range) units. Relative Volatility Calculation: For each pair of adjacent extremums, volatility is calculated using the formula: (|Max - Min| / Max) × 100%, where volatility is expressed as a percentage of the maximum value in the pair. Result Aggregation: The indicator computes two key metrics: Average volatility - arithmetic mean of all calculated volatility values Maximum volatility - highest volatility value between extremums during the analyzed period Technical Parameters Main Settings: Lookback (1000): Number of bars for historical analysis Extremums Bars Lookback (10): Period for extremum search Extremums Minimal Distance (2 ATR): Minimum distance between extremums for noise filtering ATR Period (30): Average True Range calculation period ATR Average Period (20): ATR averaging period Visualization: Color-coded extremums: Bullish extremums marked in green, bearish in red Information table: Displays current average and maximum volatility values in the top-right corner of the chart Dynamic markers: Automatic placement of ▼ and ▲ symbols on corresponding extremums Practical Applications Market Condition Analysis The indicator helps traders identify: High volatility periods: When average volatility exceeds historical norms, indicating potential for large price movements Consolidation phases: Low volatility values signal periods of energy accumulation before potential breakouts Extreme movements: Maximum volatility shows the largest price swings, which may indicate important market events Risk Management Volatility data enables: Position size adaptation based on current market volatility Dynamic stop-loss setting corresponding to market activity levels Optimal entry point selection during periods of reduced volatility Trading Strategies The indicator is effective for: Breakout strategies: Low volatility often precedes strong directional movements Counter-trend trading: Extremely high volatility values may signal potential reversals Scalping: Understanding current volatility level helps choose appropriate instruments and timeframes Advantages Over Traditional Indicators Unlike standard volatility measures such as standard deviation or ATR, this indicator: Focuses on actual extremums: Analyzes real price reversal points rather than abstract statistical indicators Adapts to market conditions: Uses ATR to determine significant extremums, filtering market noise Provides contextual information: Shows not only current volatility but also historical maximum, helping assess the relative significance of current movements Usage Recommendations Parameter Optimization: For intraday trading: Reduce Lookback period to 200-500 bars For position trading: Increase minimum distance between extremums to 3-4 ATR For high-volatility assets: Set ATR period to shorter periods (14-21) Combining with Other Indicators: Best results are achieved when used together with: Trend indicators to determine overall market direction Oscillators for precise entry and exit timing Volume indicators to confirm movement strength Technical Limitations Users should consider: The indicator is based on historical data and does not guarantee future results Requires sufficient historical data for correct operation (minimum 100 bars) Most effective on liquid markets with clearly defined extremums "Volatility by Extremums" represents an innovative approach to market volatility analysis, providing traders with a unique tool for understanding price dynamics and making informed trading decisions based on actual market extremums.
Pine Script® indicator
by wasiliyivanov
Mean Reversion Trading With IV Metrics (By MC) - Mobile FriendlyThis script is a comprehensive toolkit for traders who want to combine price mean reversion analysis with advanced volatility metrics, including Implied Volatility Rank (IVR), Implied/“Fair” Volatility projections, and real-time market volatility indicators. It is optimized for both desktop and mobile use, providing a detailed statistics table directly on the chart, and is suitable for stocks, ETFs, indices, and even paired asset analysis. Key Features & How They Work Together 1. Mean Reversion Probability & Z-Score Mean Reversion Analysis: Calculates z-scores and statistical probabilities that the asset’s price will revert to its mean, using customizable lookback windows (e.g., 10-60 bars). This helps traders spot potentially overbought or oversold conditions. Strong & Moderate Signals: Highlights strong and moderate reversion opportunities based on user-defined probability thresholds, providing clear visual cues for timing entries and exits. 2. Paired Asset Correlation Pairs Trading Support: Allows comparison of two symbols (e.g., SPY vs TLT). It computes the ratio, rolling mean, standard deviation, and correlation, helping traders identify divergence/convergence opportunities in pairs trading. 3. Volatility Metrics & Projections Historical & Implied Volatility: Estimates implied volatility (IV) using historical price data, calculates IVR (the asset’s IV relative to its own history), and provides user-customized percentile bands (e.g., 20th/80th percentiles). Fair IV Calculation: Offers three methods to compute “fair” volatility: Market-Aware (relative to VIX/SPX HV) SMA of historical volatility SMA of VIX Traders can choose the method that best fits current market conditions. Future Projections: Projects IV, “Fair” IV, and IVR for a user-defined future period, giving insight into potential volatility trends. 4. Implied Move Range Implied Move Calculation: Shows the expected price range (upper/lower bounds) for the forecast period based on the current IV, making risk management and target setting more objective. Dynamic Labels: Automatically updates labels with the latest projected moves and bounds, keeping traders informed in real time. 5. Market Volatility Dashboard Broad Market Indicators: Displays real-time values and daily changes for VIX, VIX1D, VVIX, MOVE (bond volatility), GVZ (gold volatility), and OVX (oil volatility). Color-coded thresholds help traders gauge market stress across asset classes. Correlation to SPY: Shows how closely the asset moves with SPY, aiding in diversification and hedging decisions. 6. Performance Metrics Daily Move Analysis: Tracks today’s price move (absolute and percentage), average rises/falls, and the percentage of green/red days over a custom period. Trade Quality Assessment: Ranks trade opportunities (High/Moderate/Low/Very Low) based on mean reversion probability. 7. Highly Customizable Table Mobile Friendly: The stats table can be placed anywhere on the chart, toggled between compact/full/extra modes, and resized for readability on any device. Visual Cues: Color coding and dynamic labels make interpretation easy and fast. 8. Alert Conditions Built-in alerts for strong/moderate mean reversion, IV crossing above/below “Fair” IV, allowing proactive trade management. 9. VIX-Based Expected Move Bands Optionally plots ±1, 2, 3 standard deviation bands using VIX-based expected move, helping to visualize potential price extremes. How These Features Help Traders Unified Trading Dashboard: All key mean reversion and volatility insights are available at a glance, reducing the need to switch between multiple indicators or screens. Informed Entries & Exits: By combining mean reversion probabilities, IV projections, and market volatility, traders can time trades more confidently and avoid false signals. Risk Management: The implied move bounds and volatility levels support realistic stop-loss and target setting, adapting dynamically to market conditions. Cross-Asset Awareness: Market-wide volatility metrics and asset correlation to SPY provide context, helping traders avoid surprises from macro shocks. Pairs Trading: Direct support for ratio and correlation analysis streamlines pairs strategies. Customization & Clarity: The flexible UI and color-coded stats make the tool accessible for both beginners and advanced users. Mean Reversion, Correlation value & interpretation: For Meant Reversion % Probability: Lookback Period to use: | Trading Horizon | Lookback Period (Length) | Rationale | | 5–10 days | 10–20 bars | More sensitive, good for quick reversals | | 10–20 days | 20–30 bars | Standard for short swing | | 20–40 days | 40–60 bars | More stable mean for longer swing | Interpretation Guide: Only consider trades if Correlation ≥ 0.6 or Reversion % ≥ 75%. Avoid trades with Reversion % < 20%. Correlation and Reversion % together form a powerful trade quality filter. | Reversion % | Correlation | Signal Strength | Action | | ≥ 75% | ≥ 0.4 | High Probability | Consider full position | | ≥ 50% | ≥ 0.6 | Moderate Probability | Trade with standard size | | ≥ 75% | < 0.4 | Uncorrelated Edge | Trade small or hedge carefully | | < 50% | Any | Weak | Avoid | | Any | < 0.3 | Low Coherence | Avoid unless extreme Reversion | | Correlation Value | Interpretation | | +1.0 | Perfect positive correlation (price of both move in the same direction)| | +0.7 to +0.9 | Strong positive correlation | | +0.4 to +0.6 | Moderate positive correlation | | 0 | No correlation (independent) | | -0.4 to -0.6 | Moderate negative correlation | | -0.7 to -0.9 | Strong negative correlation | | -1.0 | Perfect negative correlation (price both move in the opposite direction)| Summary: This script empowers traders to navigate markets with a robust, data-driven approach, seamlessly blending mean reversion analytics with deep volatility insight—all in a mobile-friendly, customizable dashboard. Disclaimer This tool is for informational and educational purposes only. It does not provide financial advice or trading signals. Always do your own research and consult a professional before making investment decisions.
Pine Script® indicator
by mclee1.2006
PosSys Reversal Points AdvisorOffering you the ability to quantify microstructure with no repaints, no lagging and no delay; Track and trade any and every reversal before it's obvious. Use the PosSys™ Advisor to assist with entries, reentries, stoploss placement, confirmation, bias or confluence as needed, regardless of your trading style or execution method. Access here⬇️ qssystems.tech Want to backtest signals first? Use free version here ⬇️
Pine Script® indicator
by qssystems
1
PosSys Reversal Points (Delayed Version)**Disclaimer: There is a roughly 10-signal delay on all assets and timeframes; The delayed version is intended for historical testing only. ** Offering you the ability to quantify microstructure with no repaints, no lagging and no delay; Track and trade any and every reversal before it's obvious. Use the PosSys™ Advisor to assist with entries, reentries, stoploss placement, confirmation, bias or confluence as needed, regardless of your trading style or execution method. Access the paid version here ⬇️ qssystems.tech Watch Demos here ⬇️ www.youtube.com
Pine Script® indicator
by qssystems
1
PF.MSThe Pressure & Flow Momentum Strategy (PF.MS) detects market pressure buildup through advanced candlestick analysis and captures momentum flow when conditions align, providing accurate buy and sell signals across cryptocurrencies and stocks—but even sophisticated strategies can be wrong when markets turn brutal without warning. The system reads real-time pressure dynamics (buying vs selling forces, wick patterns, volatility conditions) to identify when smart money is positioning, then captures the resulting momentum flow with precise entry and exit timing. While highly accurate at detecting pressure shifts and momentum changes, the strategy can still face losses during sudden news events or when market sentiment overrides technical patterns. The PF.MS combines intelligent pressure detection with momentum capture, trailing profit protection and strict stop losses
Pine Script® strategy
by wisdomchi
2
ATR + FibsDescription: This script plots ATR levels and ATR-based Fibonacci extension levels from either the Low of Day, or High of Day, using the daily Average True Range (ATR) to project key price zones. It's designed to help traders quickly assess where price is trading relative to the day’s ATR. Features: Visual reference for how far price has moved relative to today's ATR Projects fib levels using daily ATR from LOD or HOD Optional display of fib lines, % labels, and price values Customizable colors and line widths per level Auto-resets daily with updated highs/lows Works on all intraday and higher timeframes Ideal for traders who want to gauge intraday extension, or frame entries using volatility-based levels.
Pine Script® indicator
by RealHeatMiser
Average Daily Range in TicksPurpose: The ADR Ticks Indicator calculates and displays the average daily price range of a financial instrument, expressed in ticks, over a user-specified number of days. It provides traders with a measure of average daily volatility, which can be used for position sizing, setting stop-loss/take-profit levels, or assessing market activity. Calculation: Computes the average daily range by taking the difference between the daily high and low prices, averaging this range over a customizable number of days, and converting the result into ticks (using the instrument's minimum tick size). Customization: Includes a user input to adjust the number of days for the average calculation and a toggle to show/hide the ADR Ticks value in the table. Risk Management: Helps traders estimate typical daily price movement to set appropriate stop-loss or take-profit levels. Market Analysis: Offers insight into average daily volatility, useful for day traders or swing traders assessing whether a market is trending or ranging. Technical Notes: The indicator uses barstate.islast to update the table only on the last bar, reducing computational load and preventing overlap. The script handles different chart timeframes by pulling daily data via request.security, making it robust across various instruments and timeframes.
Pine Script® indicator
by charleyRT
Share Size FinderEnter your target gain and return timeframe to calculate how many shares to buy and the price you’ll need to sell at to meet that goal. The return timeframe is based on how many candles (based on the ATR) it may take to reach your exit price. I use 2 for scalping. The table shows the total cost of buying that share amount at the current price—useful for managing account risk, especially for cash accounts or those under PDT rules. A chart of the exit price is also included to help you compare with projections like Fibonacci extensions.
Pine Script® indicator
by TheLoneChemist
🌊 Reinhart-Rogoff Financial Instability Index (RR-FII)Overview The Reinhart-Rogoff Financial Instability Index (RR-FII) is a multi-factor indicator that consolidates historical crisis patterns into a single risk score ranging from 0 to 100. Drawing from the extensive research in "This Time is Different: Eight Centuries of Financial Crises" by Carmen M. Reinhart and Kenneth S. Rogoff, the RR-FII translates nearly a millennium of crisis data into practical insights for financial markets. What It Does The RR-FII acts like a real-time financial weather forecast by tracking four key stress indicators that historically signal the build-up to major financial crises. Unlike traditional indicators based only on price, it takes a broader view, examining the global market's interconnected conditions to provide a holistic assessment of systemic risk. The Four Crisis Components - Capital Flow Stress (Default weight: 25%) - Data analyzed: Volatility (ATR) and price movements of the selected asset. - Detects abrupt volatility surges or sharp price falls, which often precede debt defaults due to sudden stops in capital inflow. - Commodity Cycle (Default weight: 20%) - Data analyzed: US crude oil prices (customizable). - Watches for significant declines from recent highs, since commodity price troughs often signal looming crises in emerging markets. - Currency Crisis (Default weight: 30%) - Data analyzed: US Dollar Index (DXY, customizable). - Flags if the currency depreciates by more than 15% in a year, aligning with historical criteria for currency crashes linked to defaults. - Banking Sector Health (Default weight: 25%) - Data analyzed: Performance of financial sector ETFs (e.g., XLF) relative to broad market benchmarks (SPY). - Monitors for underperformance in the financial sector, a strong indicator of broader financial instability. Risk Scale Interpretation - 0-20: Safe – Low systemic risk, normal conditions. - 20-40: Moderate – Some signs of stress, increased caution advised. - 40-60: Elevated – Multiple risk factors, consider adjusting positions. - 60-80: High – Significant probability of crisis, implement strong risk controls. - 80-100: Critical – Several crisis indicators active, exercise maximum caution. Visual Features - The main risk line changes color with increasing risk. - Background colors show different risk zones for quick reference. - Option to view individual component scores. - A real-time status table summarizes all component readings. - Crisis event markers appear when thresholds are breached. - Customizable alerts notify users of changing risk levels. How to Use - Apply as an overlay for broad risk management at the portfolio level. - Adjust position sizes inversely to the crisis index score. - Use high index readings as a warning to increase vigilance or reduce exposure. - Set up alerts for changes in risk levels. - Analyze using various timeframes; daily and weekly charts yield the best macro insights. Customizable Settings - Change the weighting of each crisis factor. - Switch commodity, currency, banking sector, and benchmark symbols for customized views or regional focus. - Adjust thresholds and visual settings to match individual risk preferences. Academic Foundation Rooted in rigorous analysis of 66 countries and 800 years of data, the RR-FII uses empirically validated relationships and thresholds to assess systemic risk. The indicator embodies key findings: financial crises often follow established patterns, different types of crises frequently coincide, and clear quantitative signals often precede major events. Best Practices - Use RR-FII as part of a comprehensive risk management strategy, not as a standalone trading signal. - Combine with fundamental analysis for complete market insight. - Monitor for differences between component readings and the overall index. - Favor higher timeframes for a broader macro view. - Adjust component importance to suit specific market interests. Important Disclaimers - RR-FII assesses risk using patterns from past crises but does not predict future events. - Historical performance is not a guarantee of future results. - Always employ proper risk management. - Consider this tool as one element in a broader analytical toolkit. - Even with high risk readings, markets may not react immediately. Technical Requirements - Compatible with Pine Script v6, suitable for all timeframes and symbols. - Pulls data automatically for USOIL, DXY, XLF, and SPY. - Operates without repainting, using only confirmed data. The RR-FII condenses centuries of financial crisis knowledge into a modern risk management tool, equipping investors and traders with a deeper understanding of when systemic risks are most pronounced.
Pine Script® indicator
by ungroundedpilot
% / ATR Buy, Target, Stop + Overlay & P/L% / ATR Buy, Target, Stop + Overlay & P/L This tool combines volatility‑based and fixed‑percentage trade planning into a single, on‑chart overlay—with built‑in profit‑and‑loss estimates. Toggle between ATR or percentage modes, plot your Buy, Target and Stop levels, and see the dollar gain or loss for a specified position size—all in one interactive table and chart display. NOTE: To activate plotted lines, price labels, P/L rows and table values, enter a Buy Price greater than zero. What It Does Mode Toggle: Choose between “ATR” (volatility‑based) or “%” (fixed‑percentage) calculations. Buy Price Input: Manually enter your entry price. ATR Mode: Target = Buy + (ATR × Target Multiplier) Stop = Buy − (ATR × Stop Multiplier) Percentage Mode: Target = Buy × (1 + Target % / 100) Stop = Buy × (1 – Stop % / 100) P/L Estimates: Specify a dollar amount to “invest” at your Buy price, and the script calculates: Gain ($): Profit if Target is hit Loss ($): Cost if Stop is hit Visual Overlay: Draws horizontal lines for Buy, Target and Stop, with optional price labels on the chart scale. Interactive Table: Displays Buy, Target, Stop, ATR/timeframe info (in ATR mode), percentages (in % mode), and P/L rows. Customization Options Line Settings: Choose color, style (solid/dashed/dotted), and width for Buy, Target, Stop lines. Extend lines rightward only or in both directions. Table Settings: Position the table (top/bottom × left/right). Toggle individual rows: Buy Price; Target (multiplier or %); Stop (multiplier or %); Target ATR %; Stop ATR %; ATR Time Frame; ATR Value; Gain ($); Loss ($). Customize text colors for each row and background transparency. General Inputs: ATR length and optional ATR timeframe override (e.g. use daily ATR on an intraday chart). Target/Stop multipliers or percentages. Dollar Amount for P/L calculations. How to Use It for Trading Plan Your Entry: Enter your intended Buy Price and position size (dollar amount). Select Mode: Toggle between ATR or % mode depending on whether you prefer volatility‑based or fixed offsets. Assess R:R and P/L: Instantly see your Target, Stop levels, and potential profit or loss in dollars. Visual Reference: Lines and price labels update in real time as you tweak inputs—ideal for live trading, backtesting or trade journaling. Ideal For Traders who want both volatility‑based and percentage‑based exit options in one tool Those who need on‑chart P/L estimates based on position size Swing and intraday traders focused on objective, rule‑based trade management Anyone who uses ATR for adaptive stops/targets or fixed percentages for simpler exits
Pine Script® indicator
by abbadon9
Institutional Order Block Indicator [IOB]🔍 Detects Institutional Activity Identifies bullish and bearish order blocks based on: High volume spikes (volume > 2× average) EMA crossovers Significant price movements 📊 Plots Order Blocks Draws green rectangles for bullish blocks (demand zones) Draws red rectangles for bearish blocks (supply zones) 🎯 Generates Trading Signals Long Entry: Institutional impact shifts from negative to positive Short Entry: Impact shifts from positive to negative Uses a cumulative impact score to measure pressure over time 💰 Risk Management Automatically calculates stop-loss (ATR-based) and take-profit (1.5× RR) Plots TP/SL lines and entry price 📈 Visual Trend Line Tracks institutional pressure direction with a color-coded line 🔔 Alerts Sends alerts for: New order block formation Long/Short entry signals ✅ Suitable for: Intraday & swing trading 📉 Works best on: 15m, 1H, 4H timeframes 🎯 Goal: High-probability trades based on smart money activity.
Pine Script® indicator
by salimulhaq5
Time Block with Current K-Line TimeTiltle: Time Block and Current K-line Time Core Functions: 1. This indicator provides traders with a powerful time analysis tool to help identify key time nodes and market structures. Generally speaking, the duration of a market trend is a time block 2. Multiple time zone support, supporting five major trading time zones: Shanghai, New York, London, Tokyo, and UTC, and adaptive time display in the selected time zone 3. Time block visualization: select the time block length according to the observation period, and draw a separator line at the time block boundary 4. Real-time time display: current K-line detailed time (year/month/day hour: minute week) 5. Future time prediction, the next time block starts at the future dividing line, and the countdown function displays the time to the next block, which is used to assist in judging the remaining duration of the current trend Usage Scenarios: Day trading: Identify trading day boundaries (1-day blocks) Swing trading: Grasp the weekly/monthly time frame conversion (1-week/1-month blocks) Long-term investment: Observe the annual market cycle (1-year blocks) Cross-time zone trading: Seamlessly switch between major global trading time zones —————————————————————————————————————————————————————————— 标题： 时间区块与当前K线时间 核心功能： 1. 本指标为交易者提供强大的时间分析工具，帮助识别关键时间节点和市场结构，通常而言，一段行情持续的时间为一个时间区块 2. 多时区支持，支持上海、纽约、伦敦、东京、UTC五大交易时区，自适应所选时区的时间显示 3. 时间区块可视化：根据观测周期选择时间区块长度，在时间区块边界绘制分隔线 4. 实时时间显示：当前K线详细时间（年/月/日 时:分 星期） 5. 未来时间预测，下一个时间区块开始位置显示未来分割线，倒计时功能显示距离下个区块的时间，用于辅助判断当前趋势的剩余持续时间 使用场景： 日内交易：识别交易日边界（1日区块） 波段交易：把握周/月时间框架转换（1周/1月区块） 长期投资：观察年度市场周期（1年区块） 跨时区交易：无缝切换全球主要交易时区
Pine Script® indicator
by RosamondCheung
zSph x Larry Waves Wave Degree TimingElliott Waves are fractal structures governed by time. The categorization of time in relation to Elliott Wave is named ‘Wave Degree’. All waves are characterized by relative size called degree. The degree of a wave is determined by its size and position relative to lesser waves (smaller time and size), corresponding waves (similar time and size) and encompassing waves (greater time and size). Elliott named 9 degrees (Supercycle – Subminuette). Elliott also stated the Subminuette degree is discernable on the HOURLY chart. # Concept BINANCE:BTCUSDT Degree is governed by Time yet it is not based upon time lengths (or price lengths), rather it is based on form and structure – a function of both price and time. The precise degree may not be identified in real time, yet the objective is to be within +/- 1 standard deviation of the expected degree to be aware of the overall market progression. Understanding degree helps in the identification of when an impulse or a correction is nearing completion and to be aware of the major pivot in price action to occur as a result of the completion of a major expansion or major retracement and be aware of when major pivots in price relating to major expansions and major retracements by managing expectations from a time perspective. *Important to understand* : If price is currently in a Wave Degree Extension or a Very Complex Correction, the wave degree timings will be distorted (extended in time). Example: A Cycle typically lasts a few years - yet can last a decade(s) in an Extension. It’s best to keep the analysis on the Minute/Minuette timeframe to manage timing expectations yet always refer back to the Higher Time Frame Structure.*** # Correct Usage BEFORE PLACING THE ANCHOR TO DISPLAY ZONES: Completion of prior wave structure should be completed and there needs to be confirmation the next wave structure is in progression, such as a change in market structure. Anchor : Best to anchor on the higher time frame to ensure you always have the anchor point defined when you scale down/move down in the timeframes. Ensure the anchor point is placed at the termination of a structure/beginning of a new structure (Generally they will be price extremes – extreme highs and lows) Zones : Minimum Zones : The minimum amount of time of completion for a single wave structure to complete for a degree. Average Zones : The average amount of time of completion for a single wave structure to complete for a degree. Maximum Zones : The general maximum amount of time of completion for a single wave structure to complete for a degree. Wave Degree Timeframe Analysis : Higher-Level Degrees (Primary, Intermediate, Minor) - Utilize on H4+ timeframe Lower-Level Degrees (Minute, Minuette, Subminuette) – Utilize on 15M to H4 timeframe Micro-Level Degrees (Micro and Submicro) – Utilize on timeframes less than 15M (There is a chart in the settings you can toggle on/off that reiterates this as well.) # Settings Y-Axis Offset : It is a scale relative to the asset being viewed. Example: - If using on Bitcoin, Bitcoin moves on average $1,000 of dollars up or down (on the Y-Axis), therefore it would be relevant to use values with 4 nominal values to offset it correctly to view easier on the chart as needed. - If using on SP500, SP500 moves on average $50-100 of dollars up or down (on the Y-Axis), therefore it would be relevant to use values with 2 or 3 nominal values to offset it correctly to view easier on the chart as needed. Extend : This option allows to extend lines for the borders of the zones towards price action.
Pine Script® indicator
by zSph_
US Macro Indicators (CPI YoY, PPI YoY, Interest Rate)US Macro Indicators (CPI YoY, PPI YoY, Interest Rate) This indicator overlays the most important US macroeconomic trends for professional traders and analysts: CPI YoY (%): Tracks year-over-year change in the Consumer Price Index, the main measure of consumer inflation, and a core focus for Federal Reserve policy. PPI YoY (%): Shows year-over-year change in the Producer Price Index, often a leading indicator for future consumer inflation and margin pressures. Fed Funds Rate (%): Plots the US benchmark interest rate, reflecting the real-time stance of US monetary policy. Additional Features: Key policy thresholds highlighted: 2% (Fed’s formal inflation target) 1.5% (comfort floor) 3% and 4% (upper risk/watch zones for inflation) Transparent background shading signals elevated inflation zones for quick visual risk assessment. Works on all asset charts and timeframes (macro data is monthly). Why use it? This tool lets you instantly visualize inflation trends versus policy and spot key macro inflection points for equities, FX, and rates. Perfect for anyone applying macro fundamentals to tactical trading and investment decisions.
Pine Script® indicator
by solidExpert47773
Log Return DistributionThis indicator calculates the statistical distribution of logarithmic returns over a user-defined lookback period and visualizes it as a horizontal profile anchored to the most recent opening price. Lookback Length: The number of recent bars to include in the distribution analysis. A larger value (e.g., 252) provides a long-term statistical view, while a smaller value (e.g., 20) focuses on recent, short-term volatility. Bins Count: The number of price levels to divide the distribution into. An odd number is recommended (e.g., 31, 51) to ensure a dedicated central line for the 0% return. Max Line Length: The horizontal length (in bars) of the line representing the most frequent return bin (the mode). This setting scales the entire profile, allowing you to make differences in frequency more or less pronounced visually.
Pine Script® indicator
by nasu_is_gaji